Chesapeake Utilities (CPK) to Release Quarterly Earnings on Wednesday

Chesapeake Utilities (NYSE:CPK) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.14 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Chesapeake Utilities (NYSE:CPK) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.11. Chesapeake Utilities had a return on equity of 10.19% and a net margin of 13.01%. The firm had revenue of $185.30 million during the quarter, compared to the consensus estimate of $234.60 million. During the same period in the previous year, the company posted $1.47 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts expect Chesapeake Utilities to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chesapeake Utilities Stock Down 0.4 %

Shares of Chesapeake Utilities stock opened at $109.59 on Tuesday. Chesapeake Utilities has a 1 year low of $83.79 and a 1 year high of $132.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.48 and a quick ratio of 0.40. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 23.17 and a beta of 0.60. The firm’s 50-day moving average is $104.36 and its two-hundred day moving average is $101.01.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, March 14th. Chesapeake Utilities’s payout ratio is 49.89%.

Wall Street Analyst Weigh In

CPK has been the topic of several recent research reports. StockNews.com cut Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Thursday, February 29th. Royal Bank of Canada raised their price objective on Chesapeake Utilities from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company increased their price target on shares of Chesapeake Utilities from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Utilities presently has a consensus rating of “Hold” and a consensus price target of $107.00.

About Chesapeake Utilities

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.